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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Frontier Capital Partners to divest 75% stake of GMNet to Sierra IT

Frontier Capital Partners to divest 75% stake of GMNet to Sierra IT

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EquityChamp

EquityChamp
Moderator
Moderator

Hmmmm. Interesting. I have posted on below thread which illustrate the story of below news yesterday. But now the entire thread is deleted. Good step.

I have written their how the quality of the forum gone down since Sierra IT take over the forum ownership. Also I guessed the ownership of 'Quibit' profile and said it is with GMNet and probably that is represented by Dilisha Perera who is shown at the below news paper image. Seems that my prediction is correct.

 http://forum.srilankaequity.com/t32367-frontier-capital-partners-to-divest-75-shareholdings-of-gmnet-to-sierra-it


Frontier Capital Partners to divest 75% stake of GMNet to Sierra IT



0

Comments / Frontier Capital Partners to divest 75% stake of GMNet to Sierra IT V-icon4 978 Views / Monday, 20 January 2014 00:00
 0  0


Frontier Capital Partners Ltd., the well-known boutique investment house which specialises in mergers and acquisitions (M&A) and other investment solutions in Sri Lanka, signed a Memorandum of Understanding with Sierra Information Technologies Ltd. (Sierra IT) to divest 75% stake of Global Media Networks Ltd. (GMNet).
GMNet is a company specialised in media, research, interactive platforms and training. Among its vast variety of media and software assets, GMNet currently owns Sri Lanka’s premier stock market Simulation Game ‘VstoX’, Interactive discussion platform, ‘Sri Lanka Equity Forum’, ‘Sri Lanka Equity Research’ the online database and Business news portal ‘Lanka Business Today’ (LBT).Frontier Capital Partners to divest 75% stake of GMNet to Sierra IT 2104
GMNet in August 2012 launched the Sri Lanka’s only online stock market simulation game www.vstox.com that make use of real life trading information of Colombo Stock Exchange (CSE) and other macro economic factors to provide a comprehensive real life training platform for students, investors and fund managers. VstoX currently boast over 2,500 registered investors.
GMNet also owns Sri Lanka’s No 1 discussion forum, Sri Lanka Equity Forum www.srilankaequity.com with over 10,000 registered members and over 200,000 stock market related articles and posts that has over 12 million hits to date.
The ‘Sri Lanka Equity Research’ is the online database owned by GMNet that consist of over 1,000 Research Papers and Reports relating to key sectors and listed companies that can be downloaded free from one location which help investors and students to research into listed companies before taking investment decision.
Lanka Business Today (LBT) www.lbt.lk is a registered financial news website owned by GMNet with its own free classified section, Youtube Channel and Streaming TV facility LBTv.
SierraIT is a Sri Lankan owned global solutions provider offering comprehensive and a wide range of IT solutions. The company is fully owned by Sierra Construction Ltd., a pioneer and one of the largest construction companies in the country offering turnkey solutions. The company was founded in 2001, to serve a myriad of IT demands required to meet the extensive expansion and operations of the Sierra Group, whilst objectively pursuing the challenges of offering comprehensive Information and Communication Technology internally within the group as well to its clients and partners.
SierraIT backed by the strength, resources and the market positioning of the parent company, has specialised itself in building rewarding partnerships by providing state of the art customised enterprise class applications backed by its well experienced and competent team.
- See more at: http://www.ft.lk/article/243028/Frontier-Capital-Partners-to-divest-75--stake-of-GMNet-to-Sierra-IT#sthash.qKmxA2aI.dpuf

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

GMNet has changed his/her name to Geromy or something and still commenting .

I discovered this because old post of GMNet quoted by others remains as GMNet and all the original posts of GMNet are coming under a different name.

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